Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

Over 16 years, JPMorgan allegedly processed over $1bln for Epstein

  • By Al Mayadeen English
  • Source: The Guardian
  • 1 Sep 2023 11:39
  • 1 Shares
3 Min Read

The US Virgin Islands lawyer has accused JPMorgan of ignoring Epstein's sex trafficking operation after processing $1 billion on his behalf.

  • x
  • JPMorgan processed 1 billion dollars for Jeffery Epstein in 16 years.
    Jeffery Epstein's mugshot provided by the New York State Sex Offender Registry, March 28, 2017 (AP)

JPMorgan Chase has admitted to processing more than $1 billion in transactions for the late financier Jeffrey Epstein over a period of 16 years.

The information was made public by a lawyer representing the US Virgin Islands during a hearing related to its ongoing lawsuit against the banking giant.

Mimi Liu, the attorney representing the US Virgin Islands, where Epstein owned two islands, said during the hearing that JPMorgan had reported these transactions as suspicious to the US Treasury Department shortly after Epstein's suicide in 2019. However, the details of these reports remain confidential, as they are not publicly available.

Jeffrey Epstein, a former client of JPMorgan from 1998 to 2013, was fired by the bank amid mounting controversies surrounding his involvement in sex trafficking. At the time of his death, he was awaiting trial on charges related to these activities.

The US Virgin Islands filed a lawsuit against JPMorgan, seeking at least $190 million and potentially more in damages. The territory alleges that the bank turned a blind eye to numerous red flags indicating that Epstein was running a sex trafficking operation, primarily due to his status as a highly profitable client.

JPMorgan vehemently denies any prior knowledge of Epstein's illicit activities and has criticized the US Virgin Islands for its close association with the financier.

Related News

US, China to resume talks in Madrid; tariffs, TikTok on agenda

China warns Philippines against provocations in South China Sea

Liu's revelation of the previously undisclosed $1 billion in transactions was presented as part of her argument that US District Judge Jed Rakoff should consider whether JPMorgan was complicit in Epstein's sex trafficking prior to the trial. Liu contended that it would be implausible for a reasonable juror to believe that JPMorgan was unaware of Epstein's activities, asserting that the bank provided comprehensive banking services to Epstein's sex trafficking operation.

"JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking," Liu said. 

In response, Felicia Ellsworth, an attorney representing JPMorgan, argued against Judge Rakoff pre-determining the bank's knowledge before going to trial, adding that current and former employees have stated that they were unaware of Epstein's heinous activities. Ellsworth also pointed out that JPMorgan had notified the Treasury Department about Epstein's transactions on multiple occasions, dating back to 2002.

Furthermore, Ellsworth contested the US Virgin Islands' accusation that JPMorgan obstructed investigations into Epstein's activities. She stated that the bank had actively inquired with federal authorities about their own investigations into Epstein's conduct, characterizing these actions as the opposite of obstruction.

A trial for this case is scheduled to commence on October 23, 2023. Judge Rakoff has indicated that he will make a decision by the end of September to resolve significant legal disputes before the trial proceeds.

It's worth noting that in June, Judge Rakoff preliminarily approved JPMorgan's $290 million settlement with women who alleged they were victims of Epstein's abuse. Additionally, Deutsche Bank, where Epstein was a client from 2013 to 2018, previously reached a $75 million settlement with his accusers.

Read more: Negligence, misconduct behind Epstein's death, DOJ claims

  • United States
  • JPMorgan
  • Jeffrey Epstein
  • Sex Trafficking
  • US Virgin Islands

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS